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Unemployment is a terrible thing, but unfortunately it is an everyday normality.There are a plethora of reasons why someone ready and able maybe without a job.
In the case that finding a job takes longer than originally expected, the individual may not have enough money in the bank to make all their ends met.
This only adds stress they are already going through.
India is one of those ill-fated underdeveloped countries which is suffering from a huge unemployment problem.
But the unemployment problem in India is not the result of deficiency of effective demand in Keynesian term but a product of shortage of capital equipment’s and other complementary resources accompanied by high rate of growth of population.
Structural unemployment may be open or disguised type.
But the most serious type of unemployment from which those undeveloped countries like India are suffering includes its huge underemployment or disguised unemployment in the rural sector. It indicates a situation where the total number of job vacancies is much less than the total number of job seekers in the country.Living without a solid income is a very difficult way to live.The individual that just lost their job is open to a spectrum of emotions, anger, sadness, confusion, stress and all these emotions can really break a person down.Agriculture, though a principal occupation in the rural areas of the country, is seasonal in nature.It cannot provide work to the rural population of the country throughout the year.Unemployment problem of the country can now be broadly classified into: (a) Rural unemployment and (b) Urban unemployment.In India the incidence of unemployment is more pronounced in the rural areas.Though our team does not provide custom essay writing services to students for ethical reasons, we will be happy to edit or proofread your work for a fee. Hire an experienced essay writer from - professional essay writing service. Writing my essay - professional essay writing tips and guides.Unemployment is a common economic malady faced by each and every country of the world, irrespective of their economic system and the level of development achieved.In the urban areas of the country, industrial unemployment is gradually becoming acute.With the increase in the size of urban population and with the exodus of population in large number from rural to the urban industrial areas to seek employment, industrialization because of slow growth could not provide sufficient employment opportunities to the growing number of urban population.